LachiusTZ
Rogue Deathwalker Box
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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James
Ahn'Qiraj Raider
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A very apt analogy, actually. If you could secure your MMO character absent any central authority, you have the basic concept of an NFT down. Your character's metadata makes it more or less valuable in the collection of all MMO characters depending on the scarcity of the metadata properties.
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Flobee
Vyemm Raider
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NFTs make the most sense to me in a gaming or virtual world context. Having a character as an NFT that could move between different games and maintain some set of characteristics between those games (As agreed upon by developers) is really interesting. Its a key piece for creating a larger metaverse similar to something like Ready Player One type world.
It gets more dystopian when you consider the privacy and control aspects of having an NFT as a "digital ID" that is attached to your real identity and required for use of various online services. A true walled garden environment could be created where only those that comply with a set of guidelines could participate in society. This latter use case is more likely to manifest first IMO.
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LachiusTZ
Rogue Deathwalker Box
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Primarily depends on the utility of the metadata properties.
Secondary consideration for value is scarcity.
Same reason I'm not a BTC maximalist
James
Ahn'Qiraj Raider
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No it doesn't, zero knowledge proofs exist.
But you would agree that BTC has value far beyond the utility of its metadata, yes? Figuring out the utility of NFTs is exactly what's exciting right now, and for social influencers the clout provided by owning certain NFT collections is as real a utility as anything else.
Flobee
Vyemm Raider
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What? If a service requires your ID to have certain characteristics ZKP does nothing to solve that. It simply allows for authentication without disclosing all the details. It would depend on implementation requirements. If a verification checkpoint checked you digital ID and required the "vaccinated" flag for example ZKP would simply allow that query to be done without disclosing your "degenerate gamer" tag as well.
LachiusTZ
Rogue Deathwalker Box
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No. BTC has whatever value people think it has. It's scarcity value is entirely based on the perception of value. It's why I like ETH, there is real utility in it.
"Clout" for having a half million dollar cartoon rock does not have as real a utility as land.
You might end up right. But it's going to be long after we are all dead.
Flobee
Vyemm Raider
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Ignoring the utility of a permissionless, peer to peer, censorship resistant electronic payment network is foolish. The store of value narrative is based on scarcity and perceived value, sure. The actual reason Bitcoin was created is consistently overlooked and ignored. ETH can do more things, but the things BTC does well it does better than anything else that exists.
If you're paying attention to geopolitics and the shift away from American control over international trade you should see the value of a decentralized alternative to the digital Yuan. Stating BTC value is purely based on a meme or perceived value is a flawed perspective.
James
Ahn'Qiraj Raider
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Which means the privacy aspect is simply a non-issue, and you're simply a paranoid freak about "walled gardens" when the reality is freedom of association will always exist.
In a digital landscape, clout is as real a utility as anything else. Again, you're on the FoH boards and not the LoS or IGN boards.
Arden
Blackwing Lair Raider
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I think your question is less about NFTs and more about copyright laws. There are already comparable examples that exist for your scenario. NFTs don't really add any new elements into the equation that can't be addressed with existing laws.
Scenario 1- You own "The Old Guitarist," an original work by Picasso. You own the actual work of art, but you don't own the copyright. There are a million prints of "The Old Guitarist" floating around out there and you can't do shit about it just because you own the original.
Scenario 2- You own the copyright to "Eleanor Rigby" by the Beatles. Because you own the reproduction rights, if someone reproduces the song without your permission you can take action against them.
Cryptopunks or those stupid "rocks" and "acorns" that are selling for hundreds of thousands of dollars are basically Scenario 1. You can own them, but you can't sue anyone for making a copy of them and distributing it (at least I don't think you can).
Eventually, we will definitely run into Scenario 2 with NFTs, I'm just not sure we are really there yet.
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Flobee
Vyemm Raider
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This shows a distinct lack of historical knowledge. Freedom is not guaranteed and is in no way shape or form the norm. If you don't think systems will be created to enforce compliance then you're not paying attention. You're free to disagree on this point of course but it shows a deep seated difference between our world views that likely explains our asset preferences. You appear to be defaulting to trust in systems and those who create them and I lean towards implicitly distrusting them.
LachiusTZ
Rogue Deathwalker Box
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Civil rights act killed freedom of association
Digital landscape is a derivative of reality. Utility in reality is... Tangible. Clout is intangible. Internet clout can have utility, but it's not the same ballpark as physical assets, it's not even the same game.
You can't eat your cartoon rocks.
I get what your saying, but comparing it to land makes you look fucking stupid and crazy.
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Flobee
Vyemm Raider
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James
Ahn'Qiraj Raider
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There's no civil rights act on the Ethereum blockchain as far as I'm aware.
And yet tons of rich people are spending real money on an intangible like clout. You're blatantly refusing to admit what's already reality.
No, I'm fucking not, you continually fail to understand how decentralization, permisionlessness, and trustlessness protect blockchain users from nefarious structures. Seriously, spend some effort at least thinking about it.
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Tmac
Adventurer
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Tmac
Adventurer
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Arden
Blackwing Lair Raider
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Not surprising. It's definitely going to be an emerging area of law though. Young lawyers smart enough to focus on that area of IP work aren't going to lack for clients and the near future I'd imagine.
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Forgot to respond to this the other day. I do remember you posting about this before, but I honestly have no idea how to go about doing this and then integrating it into the forum software.
PM me if you have some ideas on how to get it done
James
Ahn'Qiraj Raider
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We kind of are, the problem is that an NFT by definition cannot be reproduced or copied, but for instance Ciphersquares transfers the rights to the art piece represented by the NFT on sale as well: Ciphersquares
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